Las Ocho Rositas De Escoma Group

“Las Ocho Rositas de Escoma” [The Eight Little Roses of Escoma] Communal Bank will start its first cycle with Pro Mujer and they are working with the organization’s regional office in Achacachi. The group is comprised of eight members and is headed by a board of directors where Justina is the president. The members of the communal bank are engaged in varied businesses including producing and selling potatoes, producing and selling vegetables, owning a neighborhood store, producing and selling potatoes and potato starch, and selling livestock.

The loan they are requesting will benefit women, such as Justina, who own small businesses. She states that she is new to Pro Mujer and joined at the invitation of a promoter that visited her in her home. Currently, she has a business selling fish and related that she learned it from her partner whose family worked in this trade. Later, they decided to work in the same trade.

The loan she is taking out now is for the repair of tools and the purchase of a fishing net that she will acquire at the city fair in El Alto and later, she will set up it up in her sales space. This type of work allows her to generate income for her household in the best possible way as she is in a common-law marriage and has five children. When she was asked what she liked about Pro Mujer, she responded that she liked the training in health and loans.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.